Word: stott
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...young Robert L. Stott, exchange board of governors chairman, thought all listed stocks should be sold on the floor, or what was a stock exchange for? So he cooked up the "special offerings" plan, spent ten months getting the SEC and exchange members to O.K. it. The commission on a "special offering" is six to twelve times that on regular sales, is ample incentive for any customer's man to get out and hustle. But it is less than a syndicate would charge for selling off the floor...
First test of this scheme was 2,958 shares of Bon Ami Co. B stock, an inactive issue. Last week, just 103 minutes trading time after the first ticker-tape notice flashed in U.S. brokerage offices, the last share was sold. To Stott, this was full proof that the Big Board can handle almost any stock-selling job. To the seller, it meant a big saving in commissions. Off-the-board commissions would have been around $6,000; commissions under the special offerings plan were $3,163-only 2.86% of the $110,555 deal. Thus, in effect, Mr. Stott...
...Exchange, asked permission of the Exchange's Committee on Member Firms to sell the Kennecott at |of a point under the last sale after the close of business that day. The committee passed the request along to the Committee on Floor Procedure. There it ran into Chairman Robert Stott, who was vexed at seeing so much rightful Exchange business done off the floor. He did some fast telephoning. Back to Union Securities went word that the Exchange could & would handle the sale...
...where intensive research on the heavy forms of hydrogen was under way, Dr. Pierce Wilson Selwood took 75 tons of tap water and started reducing it by repeated electrolysis and selective evaporation. The tons shrank to hundredweights, the hundredweights to pounds, the pounds to ounces. Last week Chairman Hugh Stott Taylor of the Chemistry Department announced that Dr. Selwood's final residue is ten drops (half a gram) of heavy water containing one part of tritium in 10,000- richest sample of triple-weight hydrogen in the world, possibly rich enough to reveal something of its properties...
...summary: HARVARD ANDOVER Robey, g. g., Cross Sargent, r.f.b. l.f.b., Howard Powell, l.f.b. r.f.b., Bower Alexandre, Rainsford, von Stade, r.h.b. l.h.b., Bagg Robie, c.h.b. c.h.b., Hazeltine White, l.h.b. r.h.b., Rosenfeld, Clifford Earle, r.o.f. l.o.f., Stott, Eames Davis, Grandin, r.i.f. l.i.f., Chakrabandu Simpson, Smith, c. c., Mendel Sleeper, l.i.f. r.i.f., Ross Rowley, Tylor, l.o.f. r.o.f., Thompson...